Incognito;
I see this on DTN in today's "Washington Insider" article:
"China is continuing to reform its agricultural sector and its rural governments and widening its program to abolish rural taxes...
Last year, the Chinese government transferred the equivalent of $6.3 billion to localities to replace revenue lost when rural taxes were abolished. Cutting back taxes and fees that were often arbitrarily imposed by local authorities has become a cornerstone policy of the ruling Communist party in their efforts to boost farm income and maintain popular support. In addition to reducing farmers' tax burdens, the government plans to continue to invest heavily in rural infrastructure and environmental projects. Such projects accounted for about one-third of central government expenditures in 2004."
It is obvious that we must reduce our costs to be globally competitive, there are many areas this can be done in the grain sector!
1. Land Taxes
2. Fuel/Heating/Electrical taxes on energy used to support Agriculture; Transportation, Fertiliser used domestically, etc.
3.Property taxes on all grain/Ag infrastructure that supports Agriculture.
4. Income taxes on farmers/Industry; use ITC's to reduce cost and increase efficiencies
5. Capital Gains Taxes eliminated in Agriculture.
6. Taxes on Financial Capital/Restrictions on access to internatinal financing that makes Capital more expensive.
It is obvious the western Canadian farmer MUST be more competitive, especially if we are exempted from subsidies, and stuck with the appreciating CDN$.
How much of our costs are Taxes, 40%?
I see this on DTN in today's "Washington Insider" article:
"China is continuing to reform its agricultural sector and its rural governments and widening its program to abolish rural taxes...
Last year, the Chinese government transferred the equivalent of $6.3 billion to localities to replace revenue lost when rural taxes were abolished. Cutting back taxes and fees that were often arbitrarily imposed by local authorities has become a cornerstone policy of the ruling Communist party in their efforts to boost farm income and maintain popular support. In addition to reducing farmers' tax burdens, the government plans to continue to invest heavily in rural infrastructure and environmental projects. Such projects accounted for about one-third of central government expenditures in 2004."
It is obvious that we must reduce our costs to be globally competitive, there are many areas this can be done in the grain sector!
1. Land Taxes
2. Fuel/Heating/Electrical taxes on energy used to support Agriculture; Transportation, Fertiliser used domestically, etc.
3.Property taxes on all grain/Ag infrastructure that supports Agriculture.
4. Income taxes on farmers/Industry; use ITC's to reduce cost and increase efficiencies
5. Capital Gains Taxes eliminated in Agriculture.
6. Taxes on Financial Capital/Restrictions on access to internatinal financing that makes Capital more expensive.
It is obvious the western Canadian farmer MUST be more competitive, especially if we are exempted from subsidies, and stuck with the appreciating CDN$.
How much of our costs are Taxes, 40%?
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